ABSTRACT
Sustainable development is a philosophy based on the three pillars of people, planet, and profit. The fundamental concept is to meet the needs of our global society while ensuring that future generations can meet their needs as well. Sustainable strategy incorporates these principles into a management approach that believes that, through engaging with a broad range of stakeholders, management becomes better informed about opportunities and threats that impact the long-term health and viability of their organization. As a result, management creates a business strategy to generate opportunities, manage risks, provide competitive advantage, and generate a positive financial impact while protecting natural capital and improving social impact. Sustainable strategy provides a framework for a management philosophy that transforms people, process, and practice, creating business value while addressing financial, environmental, and social challenges.
